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Oak Hill Capital Completes Acquisition of Otelco Inc.
Oak Hill Capital Completes Acquisition of Otelco Inc. NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capital (“Oak Hill”), a private equity firm, completed its acquisition of Otelco Inc. for $11.75 per share in cash, representing a total equity purchase price of approximately $40.6 million. As a result of the transaction’s completion, Otelco’s co...
Otelco Reports Fourth Quarter and 2020 Financial and Operational Resul...
Otelco Reports Fourth Quarter and 2020 Financial and Operational Results ONEONTA, Ala., March 16, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its fourth quarter and year ended December 31, 2020. Key operational and financial highlights for Otelco include: Total revenues of $15.5 million for fourth quarter 2020 and $62.0 million for 2020.Operating income of $2.8 milli...
OTELCO ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND 2020 RESULTS
OTELCO ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND 2020 RESULTS ONEONTA, Ala., March 03, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), (“Otelco” or the “Company”) a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its fourth quarter and 2020 financial and operational results after the close of trading on Tuesday, March 16, 2021. The Company will hold a conference call to discuss these results on Wednesday, March 17, 2021, at 11:30 a.m. (Eastern Time). To liste...
Otelco Reports Third Quarter 2020 Financial and Operational Results
Otelco Reports Third Quarter 2020 Financial and Operational Results ONEONTA, Ala., Nov. 03, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its third quarter ended September 30, 2020. Key operational and financial highlights for Otelco include: Total revenues of $15.6 million for third quarter 2020.Operating income of $2.6 million for third quarter 2020.Net income of $1....
OTELCO ANNOUNCES RELEASE DATE FOR THIRD QUARTER 2020 RESULTS
OTELCO ANNOUNCES RELEASE DATE FOR THIRD QUARTER 2020 RESULTS ONEONTA, Ala., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its third quarter 2020 financial and operational results after the close of trading on Tuesday, November 3, 2020. The Company will hold a conference call to discuss these results on Wednesday, November 4, 2020, at 11:30 a.m. (Eastern Time). To listen to the call, participants should ...
Otelco Reports Second Quarter 2020 Financial and Operational Results
Otelco Reports Second Quarter 2020 Financial and Operational Results ONEONTA, Ala., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its second quarter ended June 30, 2020. Key operational and financial highlights for Otelco include: Total revenues of $15.5 million for second quarter 2020.Operating income of $2.8 million for second quarter 2020.Net income of $1.4...
OTELCO ANNOUNCES RELEASE DATE FOR SECOND QUARTER 2020 RESULTS
OTELCO ANNOUNCES RELEASE DATE FOR SECOND QUARTER 2020 RESULTS ONEONTA, Ala., July 27, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its second quarter 2020 financial and operational results after the close of trading on Tuesday, August 4, 2020. The Company will hold a conference call to discuss these results on Wednesday, August 5, 2020, at 11:30 a.m. (Eastern Time). To listen to the call, participants should ...
Otelco Agrees to be Acquired by Oak Hill Capital
Otelco Agrees to be Acquired by Oak Hill Capital ONEONTA, Ala., July 27, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL) (“Otelco” or the “Company”), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it has entered into a definitive agreement to be acquired by affiliates formed by Oak Hill Capital (“Oak Hill”), a private equity firm, for $11.75 per share in cash, which represents an equity purchase price of $40.6 million and an enterprise value of $105.6 million. As part of the def...
Otelco Reports First Quarter 2020 Operational and Financial Results
Otelco Reports First Quarter 2020 Operational and Financial Results ONEONTA, Ala., May 04, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its first quarter ended March 31, 2020. Key operational and financial highlights for Otelco include: Total revenues of $15.4 million for first quarter 2020.Operating income of $3.3 million for first quarter 2020.Net income of $2.2 mil...
Otelco Inc. Announces Change in Location for Annual Meeting of Shareho...
Otelco Inc. Announces Change in Location for Annual Meeting of Shareholders ONEONTA, Ala., April 15, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today a change in the location for its annual meeting of shareholders. The meeting date and time are unchanged. Meeting Date: Thursday, May 14, 2020 Meeting Time: 11:00 a.m. (Eastern Time) Virtual Shareholder Meeting access link: Due to the emerging public health impact of the coronavirus out...
OTELCO ANNOUNCES RELEASE DATE FOR FIRST QUARTER 2020 RESULTS AND PROVI...
OTELCO ANNOUNCES RELEASE DATE FOR FIRST QUARTER 2020 RESULTS AND PROVIDES OPERATIONAL UPDATE ONEONTA, Ala., April 07, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its first quarter 2020 financial and operational results after the close of trading on Monday, May 4, 2020. The Company will hold a conference call to discuss these results on Tuesday, May 5, 2020, at 11:30 a.m. (Eastern Time). To listen to the call,...
Otelco Reports Fourth Quarter and 2019 Operational and Financial Resul...
Otelco Reports Fourth Quarter and 2019 Operational and Financial Results ONEONTA, Ala., March 09, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its fourth quarter and year ended December 31, 2019. Key operational and financial highlights for Otelco include: Total revenues of $15.6 million for fourth quarter 2019 and $62.8 million for 2019.Operating income of $3.5 million for fourth quarter 2019 a...
Otelco Announces Release Date for Fourth Quarter and 2019 Results and ...
Otelco Announces Release Date for Fourth Quarter and 2019 Results and Provides Operational Update ONEONTA, Ala., Feb. 03, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its fourth quarter and 2019 financial and operational results after the close of trading on Monday, March 9, 2020. The Company will hold a conference call to discuss these results on Tuesday, March 10, 2020, at 11:30 a.m. (Eastern Time). To listen...
Otelco Reports Third Quarter 2019 Operational and Financial Results
Otelco Reports Third Quarter 2019 Operational and Financial Results ONEONTA, Ala., Nov. 05, 2019 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its third quarter ended September 30, 2019. Key operational and financial highlights for Otelco include: Total revenues of $15.8 million.Operating income of $3.8 million.Net income of $1.8 million.Consolidated EBITDA (as defined below) of $5.8 million.Capital...
Otelco Announces Release Date for Third Quarter 2019 Results and Fiber...
Otelco Announces Release Date for Third Quarter 2019 Results and Fiber Deployment Update ONEONTA, Ala., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Otelco Inc. (Nasdaq: OTEL), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, announced today that it will release its third quarter 2019 financial and operational results after the close of trading on Tuesday, November 5, 2019. The Company will hold a conference call to discuss these results on Wednesday, November 6, 2019, at 11:30 a.m. (Eastern Time). To listen to the c...
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